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11 November 2024 | 8 replies
.: There IS going to be a big impact on Real Estate, especially for Single Family and small Multi-Family that is Owner Occupied.The SALT Deductions are slated to expire at the end of 2025.Trump has already said that he will allow it to Expire:https://about.bgov.com/insights/elections/2025-tax-policy-cr...This is NOT a small change.The Standard Deduction gets reduced by about 40%.Then you get to deduct the SALT (State and Local Tax) that you paid PLUS up to $1 Million in Interest from your Mortgage against your Federal Tax Return.The only limiting factor will be AMT (Alternative Minimum Tax).In 2017 when this Cap was put into place, it made sense.However, now that the average Home sells for about Double what it was back in 2017, many normal Americans can benefit from the Expiration.I'm hoping that the Trump Administration does not extend the Cap.Too many people will love him more if he allows it to Expire!
10 November 2024 | 19 replies
You can't compete against the all-inclusives unless you offer complimentary food and booze or you're cheap, as you seem to be confirming.This being said:1) Properties in Mexico/Cancun trade in USD so you have no foreign exchange risk in Mexico while properties in Colombia are traded in COP, the Colombian peso, which has been tanking over the years, eliminating any hope for capital gains for American investors.2) You can get a mortgage in Mexico but you can't in Colombia so even with lower revenue, Cancun would likely still be more profitable, even if you don't take capital gains into account.3) The political risk is much higher in Colombia, especially at this present time.Is Cartagena a bad investment?
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9 November 2024 | 5 replies
For example, I'm with a local (not local to you) American Legion that is always open to conversations.
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6 November 2024 | 5 replies
Quote from @Jason Varga: Hi all, I am an American expat looking to buy a duplex in Cleveland.
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4 November 2024 | 2 replies
I have all my properties with American Modern and Allstate.
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4 November 2024 | 1 reply
Did you know 94% of Americans don't own a single investment property?
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7 November 2024 | 13 replies
I expect rents to go up a lot because less and less Americans can afford a house over time plus folks are far more mobile now so they may be inclined to rent vs buy.
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4 November 2024 | 8 replies
I have a Canadian applicant, along with his American girlfriend, who want to tour the units and apply.
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2 November 2024 | 10 replies
Something does not check out. 1) the reps have very American sounding first and last name but their accents are completely not.
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11 November 2024 | 65 replies
Oi Wise,Please dig up some stuff up on me also hahaI'm in the mood for some "argy bargy" 🤓Just don't post the explicit shots I send you all the time as I don't want all of you Americans getting jealous hahaTrump won so "The Dingo" identity is no more.It's just "Engelo" for the public and it can be our little secret what you call me privately hahahahaWhat will you do if I get deported?